LINK/USDT – 30M – SELL

The pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 13.12 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 12.91 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 13.12 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

13.12 – 13.22 – 13.54 – 12.94 – 12.91 – 12.98 — 50.329656655872 – 49.02535155096 — 80.136217335752 – 63.820212571783 – 83.04021816367 – 78.157262374375

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –